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gauze

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I'm out of the loop here. I just don't understand. Whatever. I see sneakers on shelves at stores at normal prices. All the major name brands. What am I missing?
Supply and Demand over exclusivity and/or collaborations. Its not the "same" as the ones on the shelves at stores. Some do go through higher quality control, and others are just purely exclusive/limited release. Purposefully choke the supply, increase demand.. Hermes does something similar with a handbag, and they get stupidly expensive in the after market. Same shit with pokemon cards now, and/or sports cards. McDonalds released pokemon cards, and people went nuts.. those packs of pokemon cards from the late 90's also go for a ton. (edit; just looked, base packs from late 90's is 400$+ for what was like 2$ pack)


actually was a scandal recently,

 
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Brahma

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Limited runs from various brands. People buy them up for $200 and then sell them for $800+. The kind you see on store shelves widely available are not the sneakers being scalped.

Ahhhh gotcha gotcha. Didn't know about limited runs.

This is a 1st world statement I know...I don't NEED 800 dollar sneakers per se. But I need a GPU in my PC. And WHO THE FUCK is paying 800 bucks for sneakers?

Not sure that was a good anology Big Phoenix Big Phoenix
 
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Hateyou

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Ahhhh gotcha gotcha. Didn't know about limited runs.

This is a 1st world statement I know...I don't NEED 800 dollar sneakers per se. But I need a GPU in my PC. And WHO THE FUCK is paying 800 bucks for sneakers?

Not sure that was a good anology Big Phoenix Big Phoenix
Nah it’s similar. There are plenty of new and used underpowered graphics cards you could buy (sneakers on the shelf) but you want the latest and greatest, or a specific brand (3080+).

The difference obviously is pc performance is a real and tangible gain. The sneakers is just status bullshit.
 
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Brahma

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Nah it’s similar. There are plenty of new and used underpowered graphics cards you could buy (sneakers on the shelf) but you want the latest and greatest, or a specific brand (3080+).

The difference obviously is pc performance is a real and tangible gain. The sneakers is just status bullshit.

Yeah, but my 75 dollar Pumas work just as well as those 800 dollar Puma's. Your 75 dollar GPU is nowhere near my 800 dollar GPU.

EDIT: I honestly didn't read your second sentence. We agree.
 
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gauze

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I think the only way you can really give them a difference is if you look at sneakers and limited release culture as a long-con beanie babies that is actually successful.. unfortunately, I don't think GPU's get that benefit. Despite the hike in 2080ti's.. I think that's just a rare anomaly due to the shortage now. 5-10 years, i'd imagine the now-current/previous gens will be significantly less.. might not be the same for the latter but I also don't look down on the sneaker culture as much as I do the people that collect funko pops.

I think the shitty thing is, though no one here cares for that culture.. that culture still come after our GPU's to some extent lol.
 

rhinohelix

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Yeah, but my 75 dollar Pumas work just as well as those 800 dollar Puma's. Your 75 dollar GPU is nowhere near my 800 dollar GPU.

EDIT: I honestly didn't read your second sentence. We agree.
Then you don't agree; those are two different and contradictory points; no one buys $800 shoes to wear them. We all buy video cards to use them. The only similarity is the shortage and the demand. They aren't trying to spending billions to make more of those collectors edition shoes, though. This shortage will end at some point; Crypto will go down; they will find another way to mine, they will tighten the currency, they will increase supply, etc. It may take a couple of years but they will. Those shoes will never be any more plentiful.
 

Brahma

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Then you don't agree; those are two different and contradictory points; no one buys $800 shoes to wear them. We all buy video cards to use them. The only similarity is the shortage and the demand. They aren't trying to spending billions to make more of those collectors edition shoes, though. This shortage will end at some point; Crypto will go down; they will find another way to mine, they will tighten the currency, they will increase supply, etc. It may take a couple of years but they will. Those shoes will never be any more plentiful.

I was missing that part also. I buy my sneakers to wear. Not look at. I never knew this was a thing. This shit has legs? There's a bazillion better ways to "invest" that money. Long term and short term. Fuckin sneakers? I guess if they are seen as collectibles they must have a market.

I never knew this was a thing. I know dudes who religiously buy the new Jordan's' every year, hell I buy em if they nice. But I at least wear em! I pay a couple hundred for Timbs time to time.

 
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Big Phoenix

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Nah it’s similar. There are plenty of new and used underpowered graphics cards you could buy (sneakers on the shelf) but you want the latest and greatest, or a specific brand (3080+).

The difference obviously is pc performance is a real and tangible gain. The sneakers is just status bullshit.
This. Its the market situation thats the same, not the genuine benefit of the products.
I never knew this was a thing. I know dudes who religiously buy the new Jordan's' every year, hell I buy em if they nice. But I at least wear em! I pay a couple hundred for Timbs time to time.
sneakerheads is the culture term. Been a thing for 10 years at least. They are very serious about their networks, tools and dedication to acquiring new releases. Which is exactly whats bleeding over into the world of GPUs.
 
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Brahma

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This. Its the market situation thats the same, not the genuine benefit of the products.

sneakerheads is the culture term. Been a thing for 10 years at least. They are very serious about their networks, tools and dedication to acquiring new releases. Which is exactly whats bleeding over into the world of GPUs.

I guess I'm...old.
 

Kuro

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All I wanted was for my computer to boot, not some $800 boots.

I wonder if there's a small form factor build video involving collectible shoes.
 

jooka

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I was missing that part also. I buy my sneakers to wear. Not look at. I never knew this was a thing. This shit has legs? There's a bazillion better ways to "invest" that money. Long term and short term. Fuckin sneakers? I guess if they are seen as collectibles they must have a market.

I never knew this was a thing. I know dudes who religiously buy the new Jordan's' every year, hell I buy em if they nice. But I at least wear em! I pay a couple hundred for Timbs time to time.



D+ has a show with Jeff Goldblum where he did a show on this topic, blew my mind.
 

Hateyou

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I know a guy that has over 400 pairs of shoes. Has a different pair on every day.
 

spronk

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the sneaker stuff is relevant because an entire subculture developed around reselling shoes with bots built for it, exchanges developed - StockX is a multi billion dollar company now - and "cook" groups all built around it. Its not new, an article from way back in 2019 talks about it a lot. "Lets cook" (meth) and other terms from Breaking Bad and Mad Men are the seeds of their terminology.

When 2019 came around and GPUs and PS5s and Switches all became hot, the sneaker groups all moved seamlessly into that market and used the same 300, 500% margins they were used to on these and the bot software that had been perfected to use proxies (to hide IPs), virtual credit cards and multiple addresses (to bypass security) and human checks all worked seamlessly on websites/apps with minimal changes.

They've also now moved into Pokemon cards, MTG, vinyl collector records, Funko Pops, and really anything that can be bought online in extremely limited quantities and resold easily for a vast markup. They coordinate ruthlessly to get as much of the stock of something, i'm in a few "cook group discords" (just shoot the breeze kinda thing, i help out with some coding stuff on one) and for example today Target had a small PS5 drop and there are channels that post success results and I saw people getting 3-10 PS5s each every time. For places like best buy, amazon, walmart, target I'd guess 30-50% of every single PS5 and 3080 drop goes to a bot reseller. One guy posted his ebay logs and he makes around $150k/mo from just reselling GPUs and pokemon cards.

Its a huge problem but it is a bit weird companies don't seem to give a single fuck, Microsoft has started releasing X's to insiders via notification, Sony is doing a few thru PS+ signups, and eVGA has their queue system which is great but the bulk of product is going straight to resellers.
 
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ronne

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I own 700$ chucks made by some italian fag and a 3090.

Am I rich or extremely bad with money? WE MAY NEVER KNOW
 
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gauze

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Man, sneaker culture craze mostly started in the 90s and was kick started by the Japanese due to demand of something they didn't have in shorthand. It was majority brick and mortar style buying. Supreme is what kicked off what we see today, with the botting. Started mid 90s? As a skate company, by 2010ish their limited releases started to become collectible and more people started to know the profit.. It became harder and harder to manually buy because everyone was basically in the resell, and to stay competitive; people started to bot. They're more or less the reason for the "collaborations" which are what sell at the highest/shortest time frame.

Reason I bring that up is because items go up in season on Thursday, and the sought after items sell out within seconds. The effort companies have to go through to combat these people will be lengthy.

On the otherside of things.. If you thought tangible goods was bad, imagine digital cosmetics.. CSGO skins have seen a boom. Recently a skin sold for about 150k within a week, it's value went up another 150k usd.





And yes, Asians are still a big reason for the market for sneakers/clothing.. Even the csgo skins.
 
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